1515 E Michigan St

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1515 E Michigan St

Indianapolis, IN 46201
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Five-unit multifamily investment property located in Indianapolis.
  • The apartment building is currently available for purchase.
  • Situated at the 1515 E Michigan St address.
  • Well-maintained asset suitable for residential investment strategies.
  • Located within the central Indiana economic corridor.

What's Special

This multifamily property at 1515 E Michigan St is available for sale and serves as a practical addition to an investment portfolio. The asset consists of 5 units and is positioned within Indianapolis, a major Midwestern hub known for its diversified economy and central role in regional logistics. As a stabilized residential asset, this building provides a clear path for investors looking to expand their footprint in a well-maintained apartment complex. The location in the 46201 ZIP code places residents in a growing urban market with access to essential city services and transportation corridors. Given the current configuration of the building, it represents a straightforward rental income play for parties interested in the multifamily sector. Prospective buyers will find that this property fits well into a broader strategy of acquiring residential housing in established neighborhoods within the Indianapolis metropolitan area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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